Adobe has posted a self-activation tool for Serious Magic branded versions of DV Rack (DV Rack 1, HDV Rack, and DV Rack Express). DV Rack 2.0 is still activated via Softwrap and can not be activated with this tool.

I have one of the first versions of DV Rack Express. The two laptops that I had it one were stolen and I have been going throught this activation nightmare. The activation tool doesn't seem to be able to find any legacy installs on my laptop and I can't get the latest version of DV Rack Express to install until I "activate" the orginal. Any ideas? Don't want to drop $$$$ into the Premiere bundle currently.

You're not doing anything wrong. It turns out the activation utility does not work correctly for DV Rack Express. If you email me offline (mapes@adobe.com), I'll send you a special version of the tool that will get the job done.